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SFL (FRA:UG6) Cyclically Adjusted FCF per Share : €-1.24 (As of Dec. 2023)


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What is SFL Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

SFL's adjusted free cash flow per share for the three months ended in Dec. 2023 was €0.126. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €-1.24 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of SFL was 1.90% per year. The lowest was -65.90% per year. And the median was -12.70% per year.

As of today (2024-05-19), SFL's current stock price is €12.955. SFL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €-1.24. SFL's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SFL was 224.29. The lowest was 26.50. And the median was 43.92.


SFL Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SFL's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SFL Cyclically Adjusted FCF per Share Chart

SFL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.10 -0.82 -1.05 -1.25 -1.24

SFL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.25 -1.26 -1.22 -1.31 -1.24

Competitive Comparison of SFL's Cyclically Adjusted FCF per Share

For the Marine Shipping subindustry, SFL's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SFL's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SFL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SFL's Cyclically Adjusted Price-to-FCF falls into.



SFL Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, SFL's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.126/129.4194*129.4194
=0.126

Current CPI (Dec. 2023) = 129.4194.

SFL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.398 99.695 -0.517
201406 -0.677 100.560 -0.871
201409 -0.500 100.428 -0.644
201412 -0.325 99.070 -0.425
201503 -0.185 99.621 -0.240
201506 -0.052 100.684 -0.067
201509 -1.527 100.392 -1.969
201512 -0.051 99.792 -0.066
201603 -0.298 100.470 -0.384
201606 -0.121 101.688 -0.154
201609 0.370 101.861 0.470
201612 0.450 101.863 0.572
201703 0.270 102.862 0.340
201706 0.518 103.349 0.649
201709 -0.216 104.136 -0.268
201712 0.371 104.011 0.462
201803 0.386 105.290 0.474
201806 -3.808 106.317 -4.635
201809 -0.928 106.507 -1.128
201812 -2.952 105.998 -3.604
201903 0.388 107.251 0.468
201906 0.449 108.070 0.538
201909 0.417 108.329 0.498
201912 0.402 108.420 0.480
202003 0.430 108.902 0.511
202006 -0.280 108.767 -0.333
202009 0.490 109.815 0.577
202012 0.541 109.897 0.637
202103 0.398 111.754 0.461
202106 0.305 114.631 0.344
202109 -1.821 115.734 -2.036
202112 -0.386 117.630 -0.425
202203 -0.859 121.301 -0.916
202206 0.575 125.017 0.595
202209 -0.729 125.227 -0.753
202212 -0.824 125.222 -0.852
202303 0.420 127.348 0.427
202306 0.281 128.729 0.283
202309 -0.230 129.860 -0.229
202312 0.126 129.419 0.126

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


SFL  (FRA:UG6) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SFL was 224.29. The lowest was 26.50. And the median was 43.92.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


SFL Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of SFL's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SFL (FRA:UG6) Business Description

Industry
Traded in Other Exchanges
Address
14 Par-la-Ville Road, Par-la-Ville Place, P.O. Box HM 1593, Hamilton, BMU, HM 08
SFL Corp Ltd is an international ship owning and chartering company. The company is engaged primarily in the ownership and operation of vessels and offshore related assets and is also involved in the charter, purchase, and sale of assets. Its oil tankers, chemical tankers, and oil product tankers are all double-hull vessels.

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